Deals8 Dec 2025, 06:33 pm
Siemens Ltd. Approves Sale of Low Voltage Motors Segment to Innomotics India for INR 22 Billion
AI Summary
Siemens Ltd. has approved the sale of its Low Voltage Motors segment to Innomotics India, a subsidiary of Innomotics GmbH, for a cash consideration of INR 22 billion. The sale includes the design, research, development, testing, maintenance, repair, distribution, marketing, and sales of low voltage AC motors and geared low voltage motors, along with customer services, spare parts, and ancillary products. The transaction is expected to be completed 6 to 8 months after the execution of the Slump Sale Agreement, subject to customary conditions and regulatory approvals.
Key Highlights
- Sale of Low Voltage Motors segment to Innomotics India for INR 22 billion
- Transaction to be completed 6 to 8 months after Slump Sale Agreement execution
- Includes design, research, development, testing, maintenance, repair, distribution, marketing, and sales of low voltage AC motors and geared low voltage motors
- Subject to customary conditions and regulatory approvals
- Siemens to execute and deliver Slump Sale Agreement and other required documents